10 May 2019 07:00
RNS REACH
10 May 2019
StatPro Group PLC
EU investment manager group signs three-year €1.2m contract
StatPro Group plc, ("StatPro", "the Group", AIM: SOG), the AIM listed provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry, has secured a three-year contract, including a significant uplift in annual value with a EU investment manager for Revolution Delta, with a minimum contract value of €1.2 million.
The investment manager currently uses Revolution Delta for a variety of purposes but has now added a new module to cover the new EU Money Market Regulations in order to provide risk reporting to the regulator.
As regulations evolve, so StatPro is providing its clients with extended services to mitigate their cost of meeting onerous and multiple requirements.
Justin Wheatley, Group CEO, commented:
"This contract win and extension for Revolution Delta, our flagship fixed income service, is a clear demonstration of our capabilities to widen our services to existing customers.
"Our new EU Money Market Risk service forms an essential part of our risk compliance offering and is increasingly attractive as active asset managers are under growing cost pressure from both competition and regulation - only technology can ensure that they can remain competitive."
Enquiries:
StatPro Group plc |
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Justin Wheatley, Chief Executive |
| +44 (0) 20 8410 9876 |
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Andrew Fabian, Finance Director |
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Panmure Gordon - Nomad and Broker |
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Corporate Finance - Freddy Crossley / Fabien Holler |
| +44 (0) 20 7886 2500 |
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Corporate Broking -James Stearns |
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Instinctif Partners |
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Adrian Duffield/Kay Larsen/Chantal Woolcock |
| +44 (0) 20 7457 2020 |
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About StatPro
StatPro Group (www.statpro.com) provides cloud-based portfolio analytics, asset data services and data management tools for the global asset management industry and asset management service providers.
The Group has 10 offices in Europe, North America, South Africa and Australia, servicing around 450 clients in 40 countries. It is organised into three divisions: Revolution, Source: StatPro and Infovest.
Revolution is a global provider of award-winning portfolio analytics solutions. The cloud-based platform offers vital analysis of portfolio performance, attribution, risk and compliance. Revolution helps clients reduce costs, improve client communication and control investment decisions.
Source: StatPro is a global market data business and provides Data-as-a-Service to Revolution to enable analytics. The division's integrated and global data coverage includes millions of securities covering the full range of financial instruments and benchmarks.
Infovest, supplies data management solutions for the global asset management market, including data warehouse technology, ETL, compliance and reporting tools as well as portfolio management solutions.
StatPro Group plc shares are listed on AIM.